Charitable giving in Canada drops to 10-year low, according to tax data

Canadians are becoming less generous and giving fewer donations to charity than they did a decade ago, according to the 2016 Generosity Index published by the Fraser Institute, a think tank, on Thursday.“Charitable giving in Canada has dropped to a 10-year low,” said Charles Lammam, director of fiscal studies at the Fraser Institute. Story continues below

The study, which looked at data from the Canada Revenue Agency,  found that 21.3 per cent of Canadians claimed charitable donations on their tax returns in 2014, down from 25.1 per cent 10 years earlier in 2004. The size of their donations also decreased from 0.78 per cent of their income in 2006 to 0.56 per cent in 2014.By the same measure, American donors are two-and-a-half times more giving with 24.5 per cent of American tax filers doling out 1.42 per cent of their income in 2014.In fact, if Canadians had donated at 2006 rates in 2014, charities would have had an additional $3.6 billion to provide “ …